Azerbaijan cuts spending on imports of vehicle parts

In January-September 2024, Azerbaijan imported vehicles and their spare parts worth just over $1.69 billion, which is $188.5 million or 10% less year-on-year, Report informs, citing the country's State Customs Committee.

Over the course of nine months, the import of vehicles and their parts made up 11.5% of Azerbaijan's total imports.

In total, Azerbaijan conducted trade transactions with other countries worth $34.498 billion in the initial nine months of 2024. Of that, $19.855 billion accounted for exports and $14.643 billion fell to imports. Over the past year, exports decreased by 25 percent, while imports increased by 16 percent.